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Following the 180-day wind-down period ending on November 4, 2018, the U.S.
government will re-impose the following sanctions that were lifted pursuant to the
JCPOA, including sanctions on associated services related to the activities below:
i. Sanctions on Iran’s port operators, and shipping and shipbuilding sectors,
including on the Islamic Republic of Iran Shipping Lines (IRISL), South Shipping
Line Iran, or their affiliates;
ii. Sanctions on petroleum-related transactions with, among others, the National
Iranian Oil Company (NIOC), Naftiran Intertrade Company (NICO), and National
Iranian Tanker Company (NITC), including the purchase of petroleum, petroleum
products, or petrochemical products from Iran;
Issued on May 8, 2018
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iii. Sanctions on transactions by foreign financial institutions with the Central Bank
of Iran and designated Iranian financial institutions under Section 1245 of the
National Defense Authorization Act for Fiscal Year 2012 (NDAA);
iv. Sanctions on the provision of specialized financial messaging services to the
Central Bank of Iran and Iranian financial institutions described in Section
104(c)(2)(E)(ii) of the Comprehensive Iran Sanctions and Divestment Act of 2010
(CISADA);
v. Sanctions on the provision of underwriting services, insurance, or reinsurance;
and
vi. Sanctions on Iran’s energy sector.
In addition, effective November 5, 2018, the U.S. government will revoke the
authorization for U.S.-owned or -controlled foreign entities to wind down certain
activities with the Government of Iran or persons subject to the jurisdiction of the
Government of Iran that were previously authorized pursuant to General License H. (See
FAQ 4.4. below).
Furthermore, no later than November 5, 2018, the U.S. government will re-impose, as
appropriate, the sanctions that applied to persons removed from the List of Specially
Designated Nationals and Blocked Persons (SDN List) and/or other lists maintained by
the U.S. government on January 16, 2016.
Persons engaging in the activity listed above undertaken pursuant to the U.S. sanctions
relief provided for in the JCPOA should take the steps necessary to wind down those
activities by November 4, 2018, to avoid exposure to sanctions or an enforcement action
under U.S. law. (See FAQ 2.1. below for a description of activities that would not be
prohibited or sanctionable during the wind-down period.) [05-08-2018]